Are Open MEPs the Silver Bullet? |
Bob Collie, chief research strategist with Russell Investments, is squarely among the camp of retirement plan experts who favor a determined expansion of the multiple employer plans system. He tells PLANADVISER fiduciary hurdles prevent wider use of the open MEP plan design, but he feels some additional regulatory guidance would bring unbridled enthusiasm about open MEPs.
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Research Expertise Can Boost Practice Performance |
There are various reasons why advisers choose to hire on-staff research analysts and chief investment officers, says Kenton Shirk, associate director at Cerulli Associates, but many firms cite significant positive benefits after adding internal expertise. Most often, firms look to add these staffers as they look to scale up.
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A Third Say Social Security Will Be Primary Retirement Income |
An AARP survey released on the 80th Anniversary of Social Security finds 33% of workers feel the program will be the source of income they will rely on most during their retirement. It’s not exactly a savory proposition, given all we know about the steep cost of living in retirement.
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